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So what exactly are Apple doing to advance humanity? Their charitable giving, especially in the Jobs era, was nonexistent.
by SmellyGeekBoy 8y ago
So what exactly are Apple doing to advance humanity? Their charitable giving, especially in the Jobs era, was nonexistent.
- a008t 8y agoI don't know, but you have to look at what the major shareholders - who are the beneficiaries of Apple's profits - are doing. My guess is that they are consuming significantly less than what they earn. That in itself makes their behaviour altruistic - they add N$ of value to society (represented by their profits), while they personally consume only M$, where my guess would be M << N. The rest of their wealth is probably investments - that is, them using their skill to allocate and manage resources for the benefit of others. But I would not mind the very wealthy going on massive consumption sprees where the consumption is in the form of very high risk grand projects - like longevity research or space exploration.